Setting up a bank account where tenants can deposit cash will help getting rent without having to walk around with too much cash in your pocket and provides and instant record of rents received but may not help the paper trail for an eviction.

The card itself gives you instant 2% off all purchases (including sale prices) and 2% store rebate (although they don't give you this til the end of the year).Plus Menards offers additional discounts as well depending on the materials you buy - an additional 2 to 5% typically.Sounds like Lowes is a bit better and I always use their card for the carpet discount.

This supposedly is the only reason that they will release the duns number for free instantly.

I'm trying to convince myself that if I purchase the property, I'm gaining instant equity, as well as a possible small net cash flow.

Instant Guaranteed Approval.

There was a mattress on the bathroom floor - I presume so that they could wake up and instantly throw up.

To bring it to that level, wanting all the instant equity.

It is in their PayPal account pretty much instantly if you are doing a transfer from your bank account.  

Also, I bought the thing for a decent price, and although it cost fully $100 per square foot to rehab and add square footage (from 950' to 1600'), the contractor is taking 10%, there is the feeling that I got some instant equity by having decent/modest numbers and not having to spend $25,000 on the costs of sale if I don't sell through two agents and the attorney and all that.So my question is, are there any thoughts on holding vs. loosing this property?

In the late 90's I was a low ranking Active Duty Air Force enlisted member, and I was working in MIL Intelligence, One day, after watching late night TV I purchased a Carrolton Sheets course (How to buy properties no money and no credit) and six months later I was i was buying 2-3, 4 properties in middle class suburban areas, with no money down, $100/ cash flows and about 10-15% instant equities in each home.